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Danube bridge funding in danger
May 15, 2012
The EU is warning Bulgaria that €200 million in funding for the second Danube bridge project may be withdrawn if the work is not finished by the close of 2010. The EU is now considering whether to extend the projects deadline and the contractor building the bridge estimates that the work will not be completed until mid-2011. If funding is withdrawn, Bulgaria's Ministry of Transport hope to seek some financing from the European Investment Bank as well as the Bulgarian state budget.
Funding doubts over major highway project
May 15, 2012
Slovakia’s troubled D1 highway project continues to be a topic of controversy in the country, with doubts over whether there are sufficient funds to pay for the completion of the route. A political debate focuses on whether the Transport Ministry should have extended the deadline for the agreement of the financial package for the first tranche of contracts for the highway. The Slovenske Dialnice consortium recently met with the Transport Ministry over the decision not to continue with the PPP project to c
'Green' asphalt plant
May 15, 2012
UK contractor FM Conway has formally opened its new ship unloading facility at its asphalt plant at Erith in Kent on the banks of the River Thames near London. The unloading facility will allow the plant to increase efficiency for the delivery of recycled materials to the plant and reduce truck movements. This is one of the largest and most sophisticated asphalt plants capable of using recycled feed materials to make high quality asphalt road product. The Benninghoven BM5000 plant was purpose built for FM C
Start of Moldova road construction project
May 15, 2012
Chinese contractor Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in the country.
Funds approved for Spain's tolled highway project
May 15, 2012
Funding for a road project in Spain is being set out by contractor Sacyr. The savings banks Caixanova and Unicaja will provide the funding, which will allow work to be completed on a 24.5km stretch of the AP-46 toll road linking Malaga and Alto de Las Pedrizas as to date only half of the work has been finished on the €367 million project. A further €200 million is required, with Sacyr providing the rest from its own sources.
Eastern European highway and tunnel projects
May 15, 2012
Serbia’s Corridor 10 project, seen as key to the country’s future economic development, is 20 years behind schedule. With construction delayed and the matter being debated, the Serbian Ministry for Infrastructure, which reported the schedule delay, says the country is working as fast as possible, with 22km being built/year. The corridor will connect the country with its neighbours and provide an important route for through traffic.
Cost of Britain's road deaths and injuries
May 15, 2012
The UK Government’s annual report on the number of road deaths and injuries shows that 2,222 people were killed in Britain in 2009 while, according to police statistics, 24,690 were seriously injured. However, the real figure is estimated to be closer to 80,000 when data from other sources are taken into account. For the first time the government has estimated the total cost of road deaths and injuries to the economy, taking into account under-reporting of injuries by police and using other data sources.
Highways event focuses on budgets, road safety
May 15, 2012
The future of Britain’s highways industries, including maximising reduced budgets and improving road safety, forms the core of the conference programme at the Seeing is Believing event. With a keynote address and introduction by Roads Minister Mike Penning MP, Seeing is Believing, a combination of industry conference, trade exhibition and live demonstrations, has his full support, and is being held at a purpose-designed venue at the MIRA site, near Nuneaton, County Warwickshire, England, from 9-11 November
Albanian road investment
May 15, 2012
The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
Helsinki plans tunnel construction
May 15, 2012
A new 1.5km tunnel to carry vehicle traffic, and estimated to cost €130 million, is being planned in the Finnish capital Helsinki. The tunnel would run under the Kalasatama area, and is the latest of several tunnelling projects under Helsinki. A major utility tunnel network system was started some years ago with the aim of reducing roadworks and congestion.